Somalia plans to introduce new notes by 2024
Country has become dollarised since the collapse of the central government in 1991
The Central Bank of Somalia is planning the first new issue of 1,000 shilling ($1.76) banknotes for more than three decades.
The last 1,000 shilling note entered circulation in 1990, the year before Somalia’s central government collapsed. The pre-civil war paper currency had continued to circulate, but over time the notes have worn out and counterfeits have driven out genuine pieces.
In a January 17 interview with Bloomberg, deputy governor Ali Yasin Wardheere indicated that a new note will be
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